Obbligazione Colombiana 8.125% ( US195325BD67 ) in USD

Emittente Colombiana
Prezzo di mercato 100 USD  ▼ 
Paese  Colombia
Codice isin  US195325BD67 ( in USD )
Tasso d'interesse 8.125% per anno ( pagato 2 volte l'anno)
Scadenza 20/05/2024 - Obbligazione è scaduto



Prospetto opuscolo dell'obbligazione Colombia US195325BD67 in USD 8.125%, scaduta


Importo minimo 100 000 USD
Importo totale 1 000 000 000 USD
Cusip 195325BD6
Standard & Poor's ( S&P ) rating N/A
Moody's rating N/A
Descrizione dettagliata La Colombia è un paese dell'America del Sud caratterizzato da una grande biodiversità, una ricca storia culturale e una geografia variegata che comprende Andes, coste caraibiche e pacifiche, e l'Amazzonia.

The Obbligazione issued by Colombiana ( Colombia ) , in USD, with the ISIN code US195325BD67, pays a coupon of 8.125% per year.
The coupons are paid 2 times per year and the Obbligazione maturity is 20/05/2024







Prospectus Supplement
424B5 1 d424b5.htm PROSPECTUS SUPPLEMENT
Table of Contents
PROSPECTUS SUPPLEMENT

Filed Pursuant to Rule 424(b)(5)
(To prospectus dated October 1, 2003)

Registration No. 333-109215



U.S. $500,000,000

Republic of Colombia

8.125% Global Bonds due 2024

The bonds will mature on May 21, 2024. Colombia will pay interest on the bonds each May 21 and November
21. Interest will accrue from January 21, 2004, and the first interest payment will be made on November 21,
2004.
The bonds will not be redeemable before maturity and will not be entitled to the benefit of any sinking fund.
The bonds will contain provisions regarding acceleration and future modifications to their terms that differ from
those applicable to Colombia's outstanding public external indebtedness. Under these provisions, which are
described beginning on page S-6 of this prospectus supplement, Colombia may amend the payment provisions of
the bonds with the consent of the holders of 75% of the aggregate principal amount of the outstanding bonds.
Application has been made to list the bonds on the Luxembourg Stock Exchange.


Per Bond
Total



Public Offering Price

95.154%
U.S. $475,770,000
Underwriting Discount

0.375%
U.S. $ 1,875,000
Proceeds, before expenses, to
Colombia

94.779%
U.S. $473,895,000

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Prospectus Supplement
Purchasers will also be required to pay accrued interest, if any, from January 21, 2004 to the date of delivery of
the bonds.
Delivery of the bonds, in book-entry form only, is expected to be made on or about January 21, 2004.
Neither the Securities and Exchange Commission nor any other regulatory body has approved or disapproved of
these securities or determined if this prospectus supplement or the accompanying prospectus is truthful or
complete. Any representation to the contrary is a criminal offense.

Citigroup
Merrill Lynch & Co.



The date of this prospectus supplement is January 13, 2004.
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Prospectus Supplement
Table of Contents
TABLE OF CONTENTS

PROSPECTUS SUPPLEMENT

About this Prospectus Supplement

S-3
Incorporation by Reference

S-3
Use of Proceeds

S-4
Summary of the Offering

S-5
New Provisions Applicable to the Bonds

S-6
Recent Developments

S-9
Republic of Colombia

S-9
Economy

S-9
Foreign Trade and Balance of Payments

S-10
Monetary System

S-12
Public Sector Finances

S-13
Public Sector Debt

S-15
Description of the Bonds

S-17
General Terms of the Bonds

S-17
Payment of Principal and Interest

S-18
Paying Agents and Transfer Agents

S-18
Notices

S-18
Registration and Book-Entry System

S-19
Certificated Bonds

S-19
Underwriting

S-20
General Information

S-21
PROSPECTUS


About this Prospectus

2
Forward-Looking Statements

2
Use of Proceeds

2
Description of the Securities

3
Taxation

11
Plan of Distribution

13
Official Statements

14
Validity of the Securities

14
Authorized Representative

14
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Where You Can Find More Information

14

You should rely only on the information contained in or incorporated by reference in this prospectus
supplement and the accompanying prospectus. We have not authorized anyone to provide you with
different information. We are not making an offer of these securities in any state where the offer is not
permitted. You should not assume that the information contained in this prospectus supplement or the
accompanying prospectus is accurate as of any date other than the date on the front of this prospectus
supplement.

S-2
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ABOUT THIS PROSPECTUS SUPPLEMENT
You should read this prospectus supplement along with the prospectus attached hereto. Colombia is furnishing
this prospectus supplement and the prospectus solely for use by prospective investors in connection with their
consideration of a purchase of the bonds and for Luxembourg listing purposes. Colombia confirms that:

· the information contained in this prospectus supplement and the accompanying prospectus is true and

correct in all material respects and is not misleading;

· it has not omitted other facts the omission of which makes this prospectus supplement and the

accompanying prospectus as a whole misleading; and

· it accepts responsibility for the information it has provided in this prospectus supplement and the

accompanying prospectus.

INCORPORATION BY REFERENCE
The SEC allows Colombia to incorporate by reference some information that Colombia files with the SEC.
Colombia can disclose important information to you by referring you to those documents. The following
documents, which Colombia has filed or will file with the SEC, are considered part of and incorporated by
reference in this prospectus supplement and any accompanying prospectus:

· Colombia's annual report on Form 18-K for the year ended December 31, 2002, filed with the SEC on

September 26, 2003;


· Amendment No. 2 to the 2002 annual report, filed on Form 18-K/A with the SEC on January 13, 2004;

· Any amendment on Form 18-K/A to the 2002 annual report filed after the date of this prospectus

supplement and prior to the termination of the offering of the bonds; and

· Each subsequent annual report on Form 18-K and any amendment on Form 18-K/A filed after the date of

this prospectus supplement and prior to the termination of the offering of the bonds.
Later information that Colombia files with the SEC will update and supersede earlier information that it has filed.
Any person receiving a copy of this prospectus supplement may obtain, without charge and upon request, a copy
of any of the above documents (including only the exhibits that are specifically incorporated by reference in
them). Requests for such documents should be directed to:
Dirección General de Crédito Público
Ministerio de Hacienda y Crédito Público
Carrera 7a, No. 6-45, Piso 8
Bogotá D.C., Colombia
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Telephone: 57-1-350-9476
Fax: 57-1-350-6206
You may also obtain copies of documents incorporated by reference, free of charge, at the office of the
Luxembourg paying agent and transfer agent specified on the inside back cover of this prospectus supplement.

S-3
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USE OF PROCEEDS
The net proceeds of the sale of the bonds will be approximately U.S. $473,718,000, after deduction of the
underwriting discount and of certain expenses payable by Colombia estimated at U.S. $177,000. Colombia will
use the proceeds for the general budgetary purposes of the Government of Colombia including, but not limited to,
the refinancing, repurchase or retirement of external indebtedness.

S-4
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SUMMARY OF THE OFFERING
This summary highlights information contained elsewhere in this prospectus supplement and the prospectus. It is
not complete and may not contain all the information that you should consider before investing in the bonds. You
should read the entire prospectus supplement and prospectus carefully.

Issuer

The Republic of Colombia.
Aggregate Principal Amount

U.S. $500,000,000.
Issue Price
95.154% of the principal amount of the bonds, plus accrued interest

from January 21, 2004.
Issue Date

January 21, 2004.
Maturity Date

May 21, 2024.
Form of Securities
The bonds will be issued in the form of one or more registered global

securities without coupons. The bonds will not be issued in bearer form.
Denominations
The bonds will be issued in denominations of U.S. $1,000 and integral

multiples thereof.
Interest
The bonds will bear interest from January 21, 2004 at the rate of
8.125% per year. We will pay you interest semi-annually in arrears on
May 21 and November 21 of each year, commencing on November 21,

2004.
Redemption
We may not redeem the bonds before maturity. At maturity, we will

redeem the bonds at par.
Status
The bonds will be direct, general, unconditional, unsecured and
unsubordinated external indebtedness of Colombia and will be backed
by the full faith and credit of Colombia. The bonds will rank equal in
right of payment with all of Colombia's present and future unsecured

and unsubordinated external indebtedness.
Withholding Tax and Additional
Amounts
We will make all payments on the bonds without withholding or
deducting any taxes imposed by Colombia, subject to certain specified
exceptions. For more information, see "Description of the Securities--

Debt Securities--Additional Amounts" on page 4 of the prospectus.
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Further Issues
Colombia may, without the consent of the holders, create and issue
additional bonds that may form a single series of bonds with the
outstanding bonds; provided that such additional bonds do not have, for
purposes of U.S. federal income taxation (regardless of whether any
holders of such additional bonds are subject to U.S. federal tax laws), a
greater amount of original issue discount than the bonds have as of the

date of the issue of such additional bonds.
Listing
Application has been made to list the bonds on the Luxembourg Stock

Exchange.
Governing Law
New York. The laws of Colombia will govern all matters relating to

authorization and execution by Colombia.
Additional Provisions
The bonds will contain provisions regarding acceleration and future
modifications to their terms that differ from those applicable to
Colombia's outstanding external public indebtedness. Those provisions
are described in the following section, "New Provisions Applicable to

the Bonds."

S-5
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NEW PROVISIONS APPLICABLE TO THE BONDS
The bonds will contain provisions regarding acceleration and voting on amendments, modifications and waivers
that differ from the provisions described in the accompanying prospectus. The provisions described in this
prospectus supplement will govern the bonds. These provisions are commonly referred to as "collective action
clauses." Under these provisions, Colombia may amend certain key terms of the bonds, including the maturity
date, interest rate and other payment terms, with the consent of less than all of the holders of the bonds.
Default and Acceleration of Maturity
The bonds will contain the same events of default as those described in the accompanying prospectus, but the
procedures for acceleration if an event of default occurs will be different from those described in the prospectus.
The events of default are the following:

1. Non-Payment: Colombia fails to pay any principal of or interest on the bonds within 30 days of when

the payment was due; or

2. Breach of Other Obligation: Colombia fails to perform any other material obligation contained in the
bonds or the fiscal agency agreement and that failure continues for 45 days after any holder of the bonds

gives written notice to Colombia to remedy the failure and gives a copy of that notice to the fiscal agent;
or

3. Cross Default on Direct Obligations: Colombia fails to pay when due any public external indebtedness
(other than public external indebtedness constituting guaranties by Colombia) with an aggregate

principal amount greater than U.S. $20,000,000 or the equivalent, and that failure continues beyond any
applicable grace period; or

4. Cross Default on Guaranties: Colombia fails to pay when due any public external indebtedness
constituting guaranties by Colombia with an aggregate principal amount greater than U.S. $20,000,000

or the equivalent, and that failure continues until the earlier of (a) the expiration of the applicable grace
period or 30 days, whichever is longer, or (b) the acceleration of the public external indebtedness by any
holder; or


5. Denial of Obligations: Colombia denies its obligations under the bonds; or

6. Moratorium: Colombia declares a general suspension of payments or a moratorium on the payment of

debt which does not expressly exclude the bonds; or

7. IMF Membership: Colombia ceases to be a member of the IMF or ceases to be eligible to use the

general resources of the IMF.
If any of the events of default described above occurs and is continuing, the holders of at least 25% of the
aggregate principal amount of the bonds outstanding (as defined below) may, by notice to the fiscal agent,
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Document Outline